Is Collegeville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Collegeville was a Neutral Market.
Housing Prices in Collegeville, PA
How much do homes in Collegeville, PA cost?
Median Sold Price
$501,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Collegeville was $501,000 in March 2024, down 7.2% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $336K | +26.8% |
3 Bedrooms | $391K | $415K | +6.1% |
4 Bedrooms | $575.9K | $653.5K | +13.5% |
5+ Bedrooms | $602.5K | $777.5K | +29.0% |
Summary: Collegeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
Trappe | $385K | $411K | +6.8% |
Skippack Township | $456K | $469K | +2.9% |
Upper Providence Township | $470K | $467.5K | -0.5% |
Collegeville | $540K | $501K | -7.2% |
Housing Supply in Collegeville, PA
How many homes are available in Collegeville, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 82 | 0.0% |
Summary: The Collegeville real estate market had 82 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Collegeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 16 | -23.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Collegeville in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for Collegeville, PA
How long does it take to sell a home in Collegeville, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 17 Days | +53.9% |
Summary: Homes in Collegeville had an average of 17 days on market in Mar 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Collegeville; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.